Oil drillers - way overdue for a huge bounce

This is a time where all fundamentals about the oversupply of oil , glut, and worsening global economy should be ignored.
It is simply so oversold that it in the near term it will vastly outperform most other assets. There's simply a limit to how low it can get before it bottoms.
No, WTI ( USOIL ) isn't going to $20 in the near term yet. I do see a possibility of it testing $48~51 range again.

Seadrill Limited ( SDRL )
Almost 20% away from the lows made in 2009.
Price have not recover the slightest bit despite oil price recovering recently. Near term target is $9.5 range.
Best of the 3 drillers and current price is a huge bargain here! I am accumulating this at current levels.

Transocean LTD (RIG)
Price recovered 27% from the recent lows.
Not much opportunity unless you're going to hold it for over a year, a recovery to $26 is almost entirely possible. I would wait for a retest of $12 to pick this up.

Diamond Offshore Drilling Inc (DO)
Keep a lookout for $17~19 level for longs. I don't see much demand in this relative to SDRL and RIG yet.

I have to disagree with you on RIG. I have been watching this stock for so long I can tell the sentiment has changed for RIG, in a big way. The way it behaves recently tells me at least one BIG player is quietly accumulating this stock. I say over 80% chance RIG will be $18 by year end.